Loading fund overlap…
8 of 40 unique stocks in common · Jaccard: 20%
A weighted portfolio overlap of 25.45% indicates a moderate overlap (a meaningful shared core). This means that out of every ₹100 you invest across these two schemes, approximately ₹25.45 is allocated to the exact same companies at the same relative proportions. The schemes share 8 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 6.88% in Back to Index and 10.14% in SBI BSE Sensex ETF. Holding both schemes increases your concentration in ICICI Bank rather than expanding your diversification.
If the overlap is above 30%, it is typically because both schemes benchmark to the same index (e.g. Nifty 50 or Nifty LargeMidcap 250) or overlap in their top large-cap picks. To improve your portfolio's diversification, consider allocating one of these tranches to a category with lower structural correlation (such as a mid-cap, small-cap, or international equity fund).
| Stock | in Back | in SBI |
|---|---|---|
| ICICI BankBanks | 6.88% | 10.14% |
| Bharti AirtelTelecom - Services | 4.58% | 5.89% |
| Reliance IndustriesPetroleum Products | 3.02% | 10.08% |
| Axis BankBanks | 2.92% | 4.15% |
| Larsen & ToubroConstruction | 2.44% | 5.38% |
| NTPCPower | 4.85% | 2.07% |
| EternalRetailing | 5.57% | 2.02% |
| Ultratech CementCement & Cement Products | 2.49% | 1.52% |
Weighted overlap = Σ min(weight in fund A, weight in fund B) across shared stocks, from each fund's latest public monthly portfolio (as on May 2026). Equity holdings only, ISIN-verified. Not investment advice.